Four sectoral, thematic fund categories have offered the highest returns in 2024 so far, according to data by ACE MF. These categories offered returns between 11.69% and 21.17% in the period. In other words, only these 4 categories have offered double-digit returns in 2024 so far.
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PSU funds top return matrix
PSU funds topped the return chart and offered 21.17% in 2024 so far. CPSE ETF offered the highest return of 24.81%, followed by ICICI Pru PSU Equity Fund, which gave 21.20%.
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Infrastructure funds gave an average return of 14.57% in 2024 so far. Quant Infrastructure Fund rose 26.66% in the period. Bandhan Infrastructure Fund gave 21.42%.
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Energy & Power funds
Energy & power funds gave an average return of 11.95% in 2024 so far. There were three schemes in the category. Nippon India Power & Infra Fund gave 15.27%. DSP Natural Res & New Energy Fund and Tata Resources & Energy Fund rose 12.38% and 8.21%, respectively.
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Pharma & Health Care funds
Pharma & Health Care funds gave an average return of 11.69% in 2024 so far. ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund gave 13.92%. SBI Healthcare Opp Fund rose 13.12%. UTI Healthcare Fund gave the lowest return of 9.71%.
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Thematic or sector schemes invest most of their corpus in a particular sector, and the performance of schemes is based on the performance of the sector. That is why thematic or sector funds are recommended only to investors with thorough knowledge of the sector.
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Invest with caution
You should invest in these schemes only if you have a long investment horizon or have intimate knowledge about the sector to time the entry and exit in these schemes. Remember, every sector or theme can go out of fashion depending on the economic conditions. You should not make hasty decisions in those phases.
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